'King dollar' reigns supreme in world of slowing growth, European risks

LONDON (Reuters) - The dollar surged to nearly 17-month highs on Monday against a basket of major currencies as investors sought out the liquid and high-yielding asset against a backdrop of global growth worries and rising political risk in Italy and Britain.World stocks fell 0.3 percent for a third straight day in the red , receiving no respite from a rise in oil prices, while initial European equity gains fizzled amid growing fears for Italian lender Carige whose shares were suspended after..